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 Splish, Inc

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 Splish, Inc. has a fiscal year ending April 30. On May 1, 2020, Splish borrowed $10,790,000 at 11% to finance construction of its own building. Repayments of the loan are to commence the month following completion of the building. During the year ended April 30, 2021, weighted-average accumulated expenditures were $3,776,500. Interest earned on the unexpended portion of the loan amounted to $701,350 for the year. How much should be shown as capitalized interest on Splish's financial statements at April 30, 2021? Capitalized interest on Splish's financial statements $ 207,708 e Textbook and Media Save for Later Attempts: 1 of 3 used Submit Answer